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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Asia markets mixed as investors assess China inflation data

Asia-Pacific markets were mixed Monday as investors assessed China’s stronger-than-expected April inflation data, CNBC reportedChina’s consumer price index climbed 0.3%...

‘UAE is laboratory of past, present and future’

"Aside from the obvious things - the construction of museums and large collections - it seems to me that the...
  • La Biennale di Venezia president, Roberto Cicutto, commends the UAE's dedication to cultural development and youth education
  • On UAE Pavilion's "Aridly Abundant" theme, he says it aligns with the Venice Biennale's focus on addressing environmental challenges

Saudi astronaut concludes pioneering space research

The experiments by Barnawi, focused on understanding the behavior of immune cells in space, could lead to the prevention and...
  • The experiments, focused on understanding the behavior of immune cells in space, could lead to the prevention and early treatment of certain diseases
  • The latest initiatives reflect the Kingdom's commitment to space exploration and investment in STEM, aligning with Saudi Vision 2030

World needs tangible climate solutions: Al Mubarak

More than 1,000 private sector executives and members of the Dubai Chamber had joined the path towards reducing global emissions...
  • Over 1,000 private sector executives and Dubai Chamber members commit to halving global emissions by 2030, aiming for zero emissions by 2050
  • UAE continues to enhance its environmental prosperity, with an emphasis on protected areas, sustainable agriculture, and nature-based solutions

OAPEC needs to align with global counterparts

The cooperation of all parties will achieve the best-desired results and goals for which it was established, he adds during...
  • OAPEC Secretary General, Jamal Al-Loughani emphasizes the need for the organization to align with international counterparts
  • He also warns of the impact of global developments on the oil sector growth, including rising inflation and Russia-Ukraine conflict

Safeguarding ‘digital public square’ is essential

States are struggling and “often failing” to protect online space for the common good, “swinging between a laissez-faire approach that...
  • UN High Commissioner for Human Rights emphasizes the necessity of a safe online environment for a fully functioning society
  • Volker Türk criticizes the laissez-faire approach and overbroad regulations hindering the proper protection of online space

Saudi Arabia enters a new era of tech and innovation

“The Kingdom advanced 15 places in the Global Innovation Index in 2022. Winning prizes and top ranks in international competitions...
  • The Kingdom advanced 15 ranks in the Global Innovation Index in 2022, a clear indicator of the emerging innovative era
  • Saudi Arabia’s commitment to the innovation sector includes a 2.5% GDP investment by 2040, as announced by its Crown Prince

Saudi astronauts carry out experiments aboard ISS

The mission of Saudi astronauts Rayyanah Barnawi and Ali AlQarni involves 14 pioneering experiments in microgravity to further space and...
  • The space mission of Saudi astronauts Rayyanah Barnawi and Ali AlQarni involves 14 pioneering experiments in microgravity to further space and scientific research
  • Their mission aligns with the goals of Saudi Vision 2030, aiming to prepare future Saudi astronauts and raise the Kingdom's stature in space research and development

Japan deal expands UAE’s defense relations with Asia

The signing of the UAE-Japan defense cooperation agreement aims to promote transfer of technology, cooperative research, development, and production projects.
  • The signing of the UAE-Japan defense cooperation agreement aims to promote transfer of technology, cooperative research, development, and production projects
  • The strengthening of defense cooperation with Asian countries is part of a broader UAE's effort to diversify its security partnerships and decrease dependence on the US

GCC contributes 97% of Arab humanitarian assistance

The Gulf countries are playing an important role as the estimated cost of providing the necessary aid has surged to...
  • The Gulf countries are playing an important role as the estimated cost of providing the necessary aid has surged to around US$51.5 billion, marking a 25% increase, says a report
  • Challenges facing charitable organizations include conflicts and societal instability, highlighting the need for continued development and capacity building, adds the API report

Women’s role crucial to future tech development

“As we sit at the crossroads of the very future of humanity as it relates to technology, female influence, and...
  • Sheikha Bodour Al Qasimi, President of AUS and SRTI Park, highlights the underrepresentation of women in the tech sector and urges for a rapid change
  • She argues that providing women with leadership opportunities and including their perspectives in decision-making could lead to a better technology roadmap

Asia markets mixed as investors assess China inflation data

Asia-Pacific markets were mixed Monday as investors assessed China’s stronger-than-expected April inflation data, CNBC reportedChina’s consumer price index climbed 0.3%...

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Global crises, AI key focuses of World Economic Forum

The upcoming Davos summit is set to become a melting pot of discussions on critical global issues, including the conflicts...

Tawazun Council acquires TASNEEF

Subsidiaries of TASNEEF were also acquired.

Bahrain Steel raises $450m SLL

The company produces and supplies high-grade iron ore pellets.

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ESG and sustainability redefine UAE financial markets

"The UAE's success in establishing a fully regulated carbon market, integrating carbon regulation to manage and trade emissions effectively, providing...
  • Nadim Najjar of LSEG highlights UAE's commitment to net-zero emissions and sustainable practices.
  • Strategic alliance between ADX and LSEG exemplifies a commitment to sustainability, he adds.

2023: A year of technological triumphs in the GCC

This year, the GCC region has solidified its technological leadership, with AI, blockchain, and the metaverse leading the charge in...
  • In 2023, the GCC region has solidified its technological leadership, with AI, blockchain, and the metaverse leading the charge in transforming various sectors.
  • The GCC's 2023 tech journey has been marked by significant strides in sustainable technology, cybersecurity, and a bold entry into space exploration.

UNSC approves aid resolution as Gaza crisis mounts

As fighting between Israel and Hamas intensifies, the UN Security Council has passed a resolution to enhance aid to Gaza,...
  • As fighting between Israel and Hamas intensifies, the UN Security Council has passed a resolution to enhance aid to Gaza, where civilians face severe hardships.
  • Escalating conflict between Israel and Hamas in Gaza has led to over 410 deaths in 48 hours and intense urban warfare, triggering a severe humanitarian crisis.